Bp Share Discussion Threads

[waldron] 27/11/2021 08:36

Charlie9038
25 Nov '21 - 18:43 - 6615 of 6618
0 0 0
Great report on Stockopedia about BP

[adrian j boris] 27/11/2021 07:55

The board has announced the payment of a dividend following the 3Q 2021 results. The timetable is shown below:

3Q 2021 dividend information

Dividend 3Q 2021 Rate

US dollar cash dividend per ordinary share (in US dollars)
US$0.0546

US dollar cash dividend per ADS (in US dollars)
US$0.3276

Sterling cash dividend per ordinary share
TBA

Dividend event - 3Q 2021 Date

3Q 21 results and US dollar cash dividend announcement date 02-Nov-21

Ex-dividend date for ADS holders only 10-Nov-21

Ex-dividend date for ordinary shareholders only 11-Nov-21

Record date for 3Q 21 interim dividend 12-Nov-21

Scrip available No

Election date: latest date for receipt of DRIP Dividend Mandate Forms/Elections for Ordinary shares 29-Nov-21, 5pm GMT

Election date: latest date for receipt of GID Dividend Reinvestment Dividend Mandate

Forms/Elections for ADSs Contact plan administrators - www.adr.com/bp

Sterling cash dividend per ordinary share announcement date 7-Dec-21

Dividend payment date and first date of dealings in the new shares 17-Dec-21

[adrian j boris] 27/11/2021 07:50

S and P GLOBAL Platts

Natural Gas | Oil | Metals 25 Nov 2021 | 15:33 UTC

BP's Platina oil field comes online as Angola battles to fight output slump
Highlights

Platina will produce 30,000–40,000 b/d, connected to Greater Plutonio FPSO

Third new oil field to come online in past seven months after Cuica, Zinia Phase 2

Angolan production tumbled to 17-year low of 1.07 million b/d in July

Author
Eklavya Gupte
Editor
Daniel Lalor


BP has kick-started oil production from Angola's Platina deepwater field, providing some relief to the OPEC member, which is in the throes of an output slump.
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The Angolan ministry of mineral resources, oil and gas and BP held a ceremony Nov. 24 marking the start of production at this field, the ministry said Nov. 25.

The Platina field, expected to produce 30,000-40,000 b/d, is connected as a subsea tie-back to the Greater Plutonio FPSO in Block 18, from which the Plutonio grade is exported.

That is welcome news for Angola, which has been facing an uphill battle to reverse its crude oil output decline. This is the third new oil field, to come online in Angola in the past seven months, after Eni's 10,000 b/d Cuica and TotalEnergies' 40,000 b/d Zinia Phase 2 projects.

The ministry had previously said these recent startups could help stabilize its oil production at 1.30 million b/d over the next three years.

Angola, which used to be Africa's second largest oil producer until early 2021, has its seen output tumble to a 17-year lows. Crude output has recently averaged around 1.10 million b/d, as it has suffered from technical and operational problems at some fields, aggravated by a lack of upstream investment and incentives.

Upstream rebound

The Platina field, which contains reserves of around 44 million barrels of oil, began production 44 days earlier than scheduled.

The project, which comprises of four wells, will help increase the country's recoverable reserves, according to BP Angolan vice president Adriano Bastos.

"It remains a mark of pride for BP in Angola. After nine years, [we] have first oil from a new project, and this opens up other opportunities. We have other projects online, like the new production center where we will have the first oil around 2026," Bastos said.

"We hope that with this project, others will emerge and that we can have oil production [rebound] to the good of our country's economy," Angola's minister of mineral resources, oil and gas, Diamantino Azevedo said.

Drilling by BP at Angola's Platina oil field in Block 18 only resumed in November, after COVID-19 delayed the development.

Platina is the second project in Block 18 after the Greater Plutonio field began production in 2007.

BP is the operator of block 18 with a 46% interest, while Sonangol Sinopec International (SSI) holds the remaining 54%. BP is also the operator of Block 31 offshore Angola and has non-operated stakes in blocks 15, 17, 20, and 29. It also has non-operated interests in the New Gas Consortium and Angola LNG.

The coronavirus pandemic put the brakes on some of the country's exploration and drilling programs, as many oil companies have halted upstream work and reduced capital spending. But activity has picked slightly in the past year.

BP, Eni, ExxonMobil and TotalEnergies have all recently resumed exploration and drilling work in the West African country

The government is hoping to stabilize oil production at 1.3 million b/d over the next three years.

The country, which typically produces heavy but sweet crude, has traditionally been among the top suppliers to China. But key fields like Cabinda, Dalia, Girassol, Hungo, Kissanje, Pazflor and Plutonio have all declined and matured at the same time.

[adrian j boris] 27/11/2021 07:44

waldron
26 Nov '21 - 19:17 - 19332 of 19333
0 1 0
Bp
317.65p -7.86%


Royal Dutch Shell A
1,556.2p-5.66%



Royal Dutch Shell B
1,556.4p-5.64%

TotalEnergies
40.5 euros -5.93%

Eni
11.53 euros-6.23%

TULLOW OIL PLC (TLW)
43.47p -7.79%

what a grey day

[hellscream] 27/11/2021 07:30

why is bp getting hit twice as hard of its peers? exxon down like 2% and is paying a full dividend costing it $12B a year.

[plastow] 27/11/2021 00:50

I wonder if the 189 gap will be filled

[plastow] 26/11/2021 17:39

Brilliant ill be back

[losses] 26/11/2021 15:55

Oil down 10% not sure what people are expecting.. back to 280 I'd say

[hasin] 26/11/2021 08:48

African variant red listed, lock down,i've dodged a bullet, out of BP wednesday phew.

[partenope] 26/11/2021 08:48

don't forget they can still do what they are doing (buybacks every quarter and 4% increase on the dividend) if oil stays above $60. big over reaction imho!

bought another 4250@ 3.16 20 mins ago. not sure if i will keep them as i have a fair number already. if i can get 3.30 today i'll be out but otherwise i may just hold

[charlie9038] 26/11/2021 08:41

Covid new variant. Its BS!

[spawny100] 26/11/2021 08:40

Grim day. Almost like they're making this variant stuff up to crash the markets for the Great Reset.

[veryniceperson] 26/11/2021 08:37

Very. What's going on it's everything.

[veryniceperson] 26/11/2021 07:36

Sometimes hellscream you are a silly Billy!

[hellscream] 26/11/2021 05:35

thats one way to get oil and inflation down, use covid as a weapon. just shows how BS this fake bug is.
all you lot taking vaccines are dimwits.

sheep bah bah bah

[charlie9038] 25/11/2021 18:43

Great report on Stockopedia about BP

[marktime1231] 24/11/2021 18:27

Governments of producer nations have their crude oil reserves in the ground, refined fuel stockpiles are only called on when supply is disrupted by weather or import disruption. The idea of a strategic reserve eg as a war capability is thankfully remote.

Big consumer nations with little production capacity or pipeline supply still need to keep reserves to buffer against a supply squeeze, outtage or diplomatic hiatus. China and the US are not self-sufficient but the problem is most acute for Japan, India, parts of Europe etc which do not even have cross-border supply lines and rely on oil and LNG by tanker.

It is an interesting tussle between carbon reduction targets and having secure supply of fossil fuels which most people accept are still needed for decades. As with other critical materials the US has been slow to realise that being dependent on imports from interesting parts of the world is an economic and diplomatic noose. Biden lacks influence over OPEC+ nations. Should the US be more self-sufficient? While still accelerating towards net zero of course.

And the UK?

[optomistic] 24/11/2021 17:34

Needs would be better...lol

[optomistic] 24/11/2021 17:32

Oil weds to be stored for strategic reserve not just to make sure you have enough gas in the tank to drive to the shops. In such a case carbonisation would not be very important. Oh btw I am sure that there are large stocks of fuel that we are not aware of.

[spacecake] 24/11/2021 16:21

Why would the US want to return oil back to the reserve in a world that needs to decarbonise ? Think forward to a net zero world of 2050, I'm sure governments are.

[planit2] 24/11/2021 11:52

Agreed that market manipulation now will result in higher prices down the line. Investment will fall if investors don't trust the market for one thing. The more the US government intervenes the less the US shale people will want to increase supply.
Also the oil needs to be returned next year increasing demand further.

The EIA forcast surplus next year relies on US doubling their rate of output growth over the next six months (from the average over the last 6 months). If this doesn't happen supply will be less than demand in the first half next year.

To put this into context, the US stockpiles of oil fell* 118m barrels Aug 2020 - Nov 2021. If they release another 50m barrels over the next 6 months it only extends the current rate of decline.

*This is commercial storage plus SPR reserves. I don't think commercial storage can reduce any further so the oil has to come from SPR now to avoid a realisation that supplies are very tight in the US.

[spacecake] 24/11/2021 09:42

That depends upon what you mean by 'housing costs'.

Owned outright
Social rented
Private rented
Owned with a mortgage

I'll let you put the numbers in from your "last time I checked" dataset, you might be surprised.